Fixed-income giant Pimco has dabbled in cryptocurrencies and plans to gradually invest more in digital assets that have the potential to disrupt the financial industry, according to chief investment officer Daniel Ivascyn. “Now we’re looking at potentially trading certain cryptocurrencies as part of our trend-following strategies or quant-oriented strategies, then doing more work on the
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Deloitte & Touche announced a strategic alliance with audit technology provider AuditBoard in conjunction with AuditBoard’s user conference this week in Los Angeles. The alliance combines AuditBoard’s cloud-based audit, risk and compliance software with Deloitte’s Sarbanes-Oxley and internal controls advisory services to provide risk management, SOX compliance, internal audit and controls management to clients. AuditBoard’s
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Small businesses gained 63,000 jobs during September, according to the ADP National Employment Report. The overall growth for all businesses was 568,000 jobs. The majority of the small business gain (43,000 jobs) was in businesses of 20-49 employees. Service providing jobs lead the way in the small business gains with 39,000 jobs in September (9,000
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The Texas Legislature ended its third Special Session this week without passing a bill to enact Gov. Greg Abbot’s (R) Executive Order prohibiting employers in the state from mandating vaccination against COVID-19. Not that the Legislature did not try. Shortly after the Governor issued his Executive Order, two bills were presented – one in the
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From our Capital Thinking blog, our public policy colleague Stacy Swanson shares the latest federal employment law developments in in the legislative and executive branches during the week of October 11, 2021. *** This is a weekly post spotlighting labor topics in focus by the US legislative and executive branches during the previous week. In this issue,
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VALERIE MACON | AFP | Getty Images When the Covid-19 pandemic prompted a dramatic drop in wages, that also sparked concerns that one particular cohort would see lower Social Security benefits as a result. Those concerns, however, have abated, according to new data from the Social Security Administration. The reason comes down to the national
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Democrats are vowing to crack down on tax cheats by giving banks new requirements to disclose to the IRS accounts that have total annual inflows or withdrawals of at least $10,000. The plan would help fund President Joe Biden’s multitrillion-dollar economic agenda, potentially raising $700 billion and reducing the need for tax increases to offset
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If you buy something through our links, we may earn money from our affiliate partners. Learn more. Every entrepreneur starts out with different skills and resources. But there are a few universal truths, like finding what you’re passionate about and learning how to market, that apply to basically all business owners. Here are tips from
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As we previously posted last month, the United States is rescinding and replacing the geographic COVID-19 travel bans with new proof of vaccination requirements for all international travelers. These new requirements will pertain to those entering the U.S. via air, sea or across the land border with Canada or Mexico. As reported by numerous news
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President Biden expanded and fundamentally changed the Child Tax Credit (CTC) for one year in the American Rescue Plan (ARP) passed in March 2021. Policymakers are now deciding the future of the expansion as part of the proposed reconciliation package, but a wide range of estimates for the effects of a permanent expansion is confusing
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Inflation is often called a hidden tax, but in many states it yields a far more literal tax increase as tax brackets fail to adjust for changes in consumer purchasing power. This phenomenon is called “bracket creep,” and it’s far creepier than the décor beginning to pop up in people’s front yards as we enter
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Starship prototype 20 is stacked on top of Super Heavy Booster 4 on August 6, 2021. SpaceX Elon Musk’s SpaceX has become one of the world’s most valuable private companies, and Morgan Stanley believes the Starship rockets the venture is developing will have wide-reaching implications. Starship is the massive, next-generation rocket SpaceX is developing to be
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Two people charged over the accounting scandal at furniture retailer Steinhoff International Holdings NV must stand trial in Germany. The Oldenburg Regional Court ruled on Monday that the charges against the pair can go to trial. Meanwhile, cases of two other executives who are living abroad should be handled separately, the tribunal said in an
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